Alibaba Group Holding Limited $BABA is Infini Capital Management Ltd’s 2nd Largest Position

Infini Capital Management Ltd grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1,215,800.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 303,975 shares of the specialty retailer’s stock after acquiring an additional 303,950 shares during the period. Alibaba Group comprises 22.7% of Infini Capital Management Ltd’s portfolio, making the stock its 2nd biggest holding. Infini Capital Management Ltd’s holdings in Alibaba Group were worth $34,474,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BABA. 1248 Management LLC purchased a new position in Alibaba Group during the first quarter valued at approximately $26,000. Summit Securities Group LLC boosted its holdings in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Alibaba Group during the 1st quarter valued at $26,000. Rosenberg Matthew Hamilton purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $26,000. Finally, NewSquare Capital LLC increased its holdings in shares of Alibaba Group by 65.0% in the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 130 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group boosted their target price on Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. CLSA boosted their price objective on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Nomura upped their price objective on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Arete downgraded shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $172.00 target price on the stock. in a research note on Tuesday, December 9th. Finally, Erste Group Bank raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $155.56 on Friday. The stock has a market cap of $371.18 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 2.39 and a beta of 0.33. The stock’s 50-day moving average is $164.60 and its 200 day moving average is $141.30. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.23. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.